FxPro offerings review: Unbiased Analysis & Comparison
This FxPro offerings review provides an in-depth look at the broker’s investment products, platforms, and fee structure. FxPro offers a diverse range of trading opportunities, but the specifics often depend on the chosen trading platform.
FxPro assets available: A Comprehensive List
The range of tradable assets at FxPro is substantial. For traders utilizing MetaTrader, over 400 CFDs are accessible, encompassing forex, shares, indices, metals, and cryptocurrencies. The cTrader offering provides approximately 100 assets. Additionally, FxPro’s BnkPro app, though not yet globally available, offers thousands of shares for trading. This comprehensive FxPro offerings review highlights the varying asset availability across platforms.
- Forex Trading (Spot or CFDs): Yes
- Tradeable Symbols (Total): 2249
- Forex Pairs (Total): 70
- U.S. Stock Trading (Non CFD): No
- Int’l Stock Trading (Non CFD): Yes
- Social Trading / Copy Trading: Yes
- Cryptocurrency (Physical): No
FxPro cryptocurrency trading
FxPro cryptocurrency trading is available exclusively through CFDs. This means traders can speculate on the price movements of cryptocurrencies without owning the underlying asset. It’s important to note that crypto CFDs are not available to retail traders in the U.K. due to regulatory restrictions. This aspect is crucial for any potential client reading an FxPro offerings review.
FxPro CFD list
The extensive FxPro CFD list covers multiple asset classes. On MetaTrader platforms, clients can access CFDs on a variety of instruments, including:
- Forex pairs
- Global shares
- Major indices
- Precious metals
- Cryptocurrencies
The selection is more limited on cTrader, but still provides ample opportunities for CFD trading.
FxPro fees review: Understanding the Costs
In this FxPro fees review, we examine the broker’s pricing structure. FxPro’s fees are generally higher than the industry average, which places it at a disadvantage compared to competitors like Pepperstone or IC Markets. However, FxPro offers various execution methods and pricing models.
- Minimum Initial Deposit: $100
- Average Spread EUR/USD – Standard: 1.51 (August 2020)
- All-in Cost EUR/USD – Active: 1.27 (August 2020)
- Active Trader or VIP Discounts: Yes
- Execution: Agency Broker: Yes
- Execution: Market Maker: Yes
Commissions and Spreads
FxPro offers different pricing models. On its cTrader platform, competitive commission-based pricing is available. The effective spread for EUR/USD on cTrader, including a 0.9 pip commission equivalent, was approximately 1.27 pips (August 2020 data). For MT4 and MT5, FxPro offers floating-rate (variable spread) models. EUR/USD spreads on MT4 for market execution accounts were 1.58 pips, and 1.71 pips for instant execution accounts (August 2020 data).
Traders on MT4 can choose between variable or fixed spreads. Variable-spread pricing offers instant execution (subject to requotes, no slippage) or market execution (potential for slippage, no requotes). Fixed pricing is not available on MT5, which exclusively offers market execution.
Active Trader Program
FxPro provides an Active Trader program as part of its VIP account offering. While it offers discounts, these may not be as attractive as those from other brokers such as FOREX.com, IG, and Saxo Bank. This is an important consideration in any thorough FxPro offerings review.
FxPro trading platforms comparison
The FxPro trading platforms comparison reveals a robust selection. FxPro supports industry-leading third-party platforms alongside its proprietary solutions. This diverse offering caters to various trading styles and preferences.
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
- FxPro Edge (proprietary)
- BnkPro (proprietary, share trading)
Mobile Trading Apps
FxPro offers a comprehensive suite of mobile trading apps. This includes its proprietary FxPro Direct and FxPro Edge apps, as well as mobile versions of MetaTrader and cTrader. The FxPro Direct app is primarily optimized for account management but also supports CFD trading.
While FxPro Edge provides a smooth user experience as a browser-based platform, a dedicated downloadable app for Android and iOS would improve convenience. The BnkPro app, designed for share trading, is still undergoing global rollout and aims to integrate banking services in the future. This diverse mobile offering is a key part of the FxPro offerings review.
- Android App: Yes
- iOS App: Yes
Conclusion
This FxPro offerings review demonstrates that the broker provides a broad range of trading instruments and platform choices. While its fees may be higher than some competitors, the robust platform selection and diverse asset availability make it a viable option for many traders. The availability of various execution methods and an active trader program further enhance its appeal. However, potential clients should carefully consider the fee structure and platform-specific asset availability before choosing FxPro.
